Tuesday, July 24, 2007

All-important FCC waivers may not be considered until 4Q

Dow Jones' Marketwatch reported late today that Federal Communications Commission Chairman Kevin Martin said Tuesday he hopes that the agency will determine whether the Tribune Co.'s sale to real estate magnate Sam Zell can proceed in the fourth quarter of the year.

Current rules don't allow one company to control TV stations and newspapers in the same market.

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